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P. V. Narasimha Rao


Pamulaparti Venkata Narasimha Rao (28 June 1921 – 23 December 2004) was an Indian lawyer and politician who served as the 9th Prime Minister of India, from 1991–1996. His ascendancy to the prime ministership was politically significant in that he was the first holder of this office from a non-Hindi-speaking region, belonging to the southern part of India. He led an important administration, overseeing a major economic transformation and several home incidents affecting national security of India. Rao, who held the Industries portfolio, was personally responsible for the dismantling of the Licence Raj, as this came under the purview of the Ministry of Commerce and Industry. He is often referred to as the "Father of Indian Economic Reforms". Future prime ministers Atal Bihari Vajpayee and Manmohan Singh continued the economic reform policies pioneered by Rao's government. Rao accelerated the dismantling of the License Raj, reversing the socialist policies of Rajiv Gandhi's government. 

 
Childhood & Early Life
·    PV Narasimha Rao had humble social origins. He was born in a Telugu Brahmin family in a village in Warangal District, now in Telangana, but later adopted and brought to Vangara village of Bheemadevarapalli mandal of Karimnagar district in Telangana, then part of Hyderabad State, when he was three years old.[1] His father, Pamulaparthi Sitarama Rao, and mother, Pamulaparthi Rukmini (Rukminamma), hailed from agrarian families.
·    Popularly known as PV, he completed part of his primary education in Katkuru village of Bheemdevarapalli mandal in Karimnagar district by staying in his relative Gabbeta Radhakishan Rao's house and studying for his Bachelor's degree in the Arts college at the Osmania University. He later went on to Hislop College, now under Nagpur University, where he completed a Master's degree in law.
·    Rao's mother tongue was Telugu, and he had an excellent command of Marathi. In addition to eight other Indian languages (Hindi, Oriya, Bengali, Gujarati, Kannada, Sanskrit, Tamil and Urdu), he spoke English, French, Arabic, Spanish, German and Persian.
·     Along with his distant cousin Pamulaparthi Sadasiva Rao, Ch. Raja Narendra and Devulapalli Damodar Rao, PV edited a Telugu weekly magazine called Kakatiya Patrika in the 1940s. Both PV and Sadasiva Rao contributed articles under the pen-name Jaya-Vijaya.
Career
·    Narasimha Rao was an active freedom fighter during the Indian Independence movement and joined full-time politics after independence as a member of the Indian National Congress. His tenure as Chief minister of Andhra Pradesh is well remembered even today for his land reforms and strict implementation of land ceiling acts in Telangana region.
·    President's rule had to be imposed to counter the Jai Andhra movement during his tenure. He rose to national prominence in 1972 for handling several diverse portfolios, most significantly Home, Defence and Foreign Affairs, in the cabinets of both Indira Gandhi and Rajiv Gandhi. In fact, it is speculated that he was in the running for the post of India's President along with Zail Singh in 1982.
·    Rao successfully decimated the Punjab separatist movement and neutralised Kashmir separatist movement. It is said that Rao was 'solely responsible' for the decision to hold elections in Punjab, no matter how narrow the electorate base would be. In dealing with Kashmir Rao's government was highly restrained by US government and its president Mr.Clinton. Rao's government introduced the Terrorist and Disruptive Activities (Prevention) Act (TADA), India's first anti-terrorism legislation, and directed the Indian Army to eliminate the infiltrators from Pakistan.
·    In 1993, a strong earthquake in LaturMaharashtra killed nearly 10,000 people and displaced hundreds of thousands. Rao was applauded by many for using modern technology and resources to organise major relief operations to assuage the stricken people, and for schemes of economic reconstruction.


Major Works
·   Rao energised the national nuclear security and ballistic missiles program, which ultimately resulted in the 1998 Pokhran nuclear tests. It is speculated that the tests were actually planned in 1995, during Rao's term in office, and that they were dropped under American pressure when the US intelligence got the whiff of it.
·   Rao also made diplomatic overtures to Western Europe, the United States, and China. He decided in 1992 to bring into the open India's relations with Israel, which had been kept covertly active for a few years during his tenure as a Foreign Minister, and permitted Israel to open an embassy in New Delhi.
·   He ordered the intelligence community in 1992 to start a systematic drive to draw the international community's attention to alleged Pakistan's sponsorship of terrorism against India and not to be discouraged by US efforts to undermine the exercise.
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Awards and Achievements
·   Rao's government's goals were reducing the fiscal deficitPrivatization of the public sector and increasing investment in infrastructure. Trade reforms and changes in the regulation of foreign direct investment were introduced to open India to foreign trade while stabilising external loans. Rao wanted I.G. Patel as his Finance Minister.
·         Major reforms in India's capital markets led to an influx of foreign portfolio investment. The major economic policies adopted by Rao include:
·   Abolishing in 1992 the Controller of Capital Issues which decided the prices and number of shares that firms could issue.
·   Introducing the SEBI Act of 1992 and the Security Laws (Amendment) which gave SEBI the legal authority to register and regulate all security market intermediaries.
·Opening up in 1992 of India's equity markets to investment by foreign institutional investors and permitting Indian firms to raise capital on international markets by issuing Global Depository Receipts(GDRs).
·   Starting in 1994 of the National Stock Exchange as a computer-based trading system which served as an instrument to leverage reforms of India's other stock exchanges. The NSE emerged as India's largest exchange by 1996.
·   Reducing tariffs from an average of 85 percent to 25 percent, and rolling back quantitative controls. (The rupee was made convertible on trade account.)
·   Encouraging foreign direct investment by increasing the maximum limit on share of foreign capital in joint ventures from 40 to 51% with 100% foreign equity permitted in priority sectors.
·   Streamlining procedures for FDI approvals, and in at least 35 industries, automatically approving projects within the limits for foreign participation.

Personal Life & Legacy
·   Narasimha Rao had three sons and five daughters. His eldest son P.V. Rangarao was an education minister in Kotla Vijaya Bhaskara Reddy's cabinet and MLA from Hanamakonda Assembly Constituency, in Warangal District for two terms. His second son, Late P.V. Rajeswara Rao, was a Member of Parliament of the 11th Lok Sabha (15 May 1996 – 4 December 1997) from Secunderabad Lok Sabha constituency.

·   Rao suffered a heart attack on 9 December 2004, and was taken to the All India Institute of Medical Sciences where he died 14 days later at the age of 83. His family wanted the body cremated in Delhi."This is his karmabhoomi", Rao's son Prabhakara told Manmohan Singh. But Sonia Gandhi's closest aides ensured that the body was moved to Hyderabad.



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